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Bitmex Shuts Down, Leaving Traders With New Account Fees

Guavy AI Editorial Team
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Bitmex Crypto Exchange Closes; Funds Left Behind Face New Account Fees

In a significant development, BitMEX crypto exchange announced that it will be closing its operations. As a result, funds left behind by traders and investors will now face new account fees.

This decision comes after the exchange faced regulatory scrutiny in the past year. In August 2020, the US Commodities and Futures Trading Commission (CFTC) charged BitMEX with operating an unregistered trading platform and violating several federal laws.

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